Avista Corporation (AVA) vs Brookfield Infrastructure Partners LP (BIP)

Avista Corporation and Brookfield Infrastructure Partners LP are both Utilities Diversified companies. Brookfield Infrastructure Partners LP is the larger, with a market value of $22.4B against $2.9B — 7.6× the size. Avista Corporation trades at the lower P/E: 12.7× against 56.1×. Brookfield Infrastructure Partners LP grew revenue faster over the last twelve months: 16.4% against −1.84%. Avista Corporation has the higher net margin (11.8% vs 1.27%) and the lower return on invested capital (3.72% vs 4.24%). Both pay a dividend; Avista Corporation yields more (5.59% vs 5.27%). Across the 22 metrics below, Avista Corporation leads on 11 and Brookfield Infrastructure Partners LP on 11.

Valuation

Metric AVA BIP Utilities Diversified median
P/E 12.68 56.06 16.79
P/S 1.52 0.48 1.52
P/B 1.03 0.37 1.09
Price to free cash flow n/m n/m —
EV/EBITDA 9.57 6.75 9.57
EV/Sales 3.21 2.83 3.09
Earnings yield 7.89% 1.78% 5.97%
Free cash flow yield (3.57%) (7.56%) (7.56%)

Profitability

Metric AVA BIP Utilities Diversified median
Gross margin 100.00% 26.53% 56.36%
Operating margin 18.76% 24.75% 18.94%
Net margin 11.83% 1.27% 11.83%
Free cash flow margin (5.42%) (3.60%) (7.63%)
Return on equity 8.31% 1.05% 8.31%
Return on assets 2.73% 0.28% 2.42%
Return on invested capital 3.72% 4.24% 3.72%

Growth

Metric AVA BIP Utilities Diversified median
Revenue growth (TTM) (1.84%) 16.38% 8.49%
EPS growth (last fiscal year) 3.93% 2,150.00% —
Revenue growth, 5-year CAGR 8.24% 21.06% 5.07%
Net income growth, 5-year CAGR 8.31% 26.07% 9.16%

Health

Metric AVA BIP Utilities Diversified median
Debt to equity 1.16 1.92 1.16
Current ratio 1.10 0.89 0.89
Net debt to EBITDA 4.92 6.19 6.19

Dividend

Metric AVA BIP Utilities Diversified median
Dividend yield 5.59% 5.27% 4.20%
Payout ratio 0.93 — —

Size

Metric AVA BIP Utilities Diversified median
Market cap 2.94b 22.41b 9.78b

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